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HomeBusinessSBP-held foreign reserves rise $22mn to $16.38bn

SBP-held foreign reserves rise $22mn to $16.38bn

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $22 million to $16. 376 billion during the week ended March 19, according to data released by the central bank on Thursday. The SBP said the country’s total liquid foreign reserves stood at $21. 736 billion as of March 19. READ MORE: SBP-held foreign reserves rise $13mn to $16. 35bn A breakdown of the reserves showed that $16. 376 billion were held by the SBP, while net foreign reserves held by commercial banks amounted to $5. 360 billion. “The SBP’s FX reserves increased by US$ 22 million to US$ 16, 375. 8 million, ” the central bank said.

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